Selection and Contract Negotiations
The Ministry of Defence (MoD) announced on 26 January 2004 that Air Tanker had been selected to enter into final negotiations to provide the RAF's FSTA.
Following aircraft selection the MoD began exclusive negotiations with the Airtanker consortium. However, beginning in April 2004, there were rumours about the fragile state of the contract negotiations. With continuing doubts over the FSTA programme, Marshall Aerospace, responsible for the conversion of the RAF's original TriStars, offered to buy and convert some of the large number of surplus commercial TriStars.
On 28 February 2005 the MoD named Airtanker as its preferred bidder for the £13bn contract.
Read more about this topic: Future Strategic Tanker Aircraft
Famous quotes containing the words selection, contract and/or negotiations:
“It is the highest and most legitimate pride of an Englishman to have the letters M.P. written after his name. No selection from the alphabet, no doctorship, no fellowship, be it of ever so learned or royal a society, no knightship,—not though it be of the Garter,—confers so fair an honour.”
—Anthony Trollope (1815–1882)
“A good businessman never makes a contract unless he’s sure he can carry it through, yet every fool on earth is perfectly willing to sign a marriage contract without considering whether he can live up to it or not.”
—Dalton Trumbo (1905–1976)
“But always and sometimes questioning the old modes
And the new wondering, the poem, growing up through the floor,
Standing tall in tubers, invading and smashing the ritual
Parlor, demands to be met on its own terms now,
Now that the preliminary negotiations are at last over.”
—John Ashbery (b. 1927)